Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Kinder Morgan Inc (NYSE:KMI) in the fourth quarter, Holdings Channel reports. The firm purchased 11,500 shares of the pipeline company’s stock, valued at approximately $208,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. North Star Asset Management Inc. increased its position in shares of Kinder Morgan by 0.6% during the second quarter. North Star Asset Management Inc. now owns 10,029 shares of the pipeline company’s stock worth $192,000 after purchasing an additional 61 shares in the last quarter. CNH Partners LLC increased its position in shares of Kinder Morgan by 0.4% during the second quarter. CNH Partners LLC now owns 27,467 shares of the pipeline company’s stock worth $526,000 after purchasing an additional 100 shares in the last quarter. Krilogy Financial LLC increased its position in shares of Kinder Morgan by 8.6% during the second quarter. Krilogy Financial LLC now owns 13,536 shares of the pipeline company’s stock worth $259,000 after purchasing an additional 1,067 shares in the last quarter. Sentry Investment Management LLC increased its position in shares of Kinder Morgan by 1.0% during the second quarter. Sentry Investment Management LLC now owns 152,821 shares of the pipeline company’s stock worth $2,928,000 after purchasing an additional 1,532 shares in the last quarter. Finally, Linscomb & Williams Inc. increased its position in shares of Kinder Morgan by 3.4% during the second quarter. Linscomb & Williams Inc. now owns 52,156 shares of the pipeline company’s stock worth $999,000 after purchasing an additional 1,692 shares in the last quarter. 60.57% of the stock is owned by institutional investors.
In other Kinder Morgan news, VP Thomas A. Martin acquired 3,000 shares of the stock in a transaction on Tuesday, December 5th. The shares were bought at an average price of $17.10 per share, with a total value of $51,300.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William A. Smith acquired 5,500 shares of the stock in a transaction on Monday, January 22nd. The stock was acquired at an average cost of $19.52 per share, for a total transaction of $107,360.00. Following the acquisition, the director now directly owns 14,587 shares in the company, valued at approximately $284,738.24. The disclosure for this purchase can be found here. Insiders own 13.99% of the company’s stock.
A number of analysts have recently commented on the company. Credit Suisse Group assumed coverage on Kinder Morgan in a research report on Thursday, January 4th. They set an “outperform” rating and a $23.00 target price on the stock. Zacks Investment Research cut Kinder Morgan from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. BMO Capital Markets set a $26.00 target price on Kinder Morgan and gave the stock a “buy” rating in a research report on Thursday, October 12th. Wells Fargo & Co reiterated a “market perform” rating on shares of Kinder Morgan in a research report on Thursday, January 11th. Finally, Bank of America assumed coverage on Kinder Morgan in a research report on Tuesday, January 9th. They set a “neutral” rating on the stock. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company. Kinder Morgan presently has an average rating of “Hold” and a consensus target price of $22.72.
Kinder Morgan Inc (KMI) opened at $17.50 on Monday. The stock has a market capitalization of $39,081.70, a PE ratio of 26.12, a P/E/G ratio of 1.19 and a beta of 0.56. Kinder Morgan Inc has a 52-week low of $16.68 and a 52-week high of $23.01. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.44 and a quick ratio of 0.35.
Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, January 17th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.03. The firm had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.52 billion. Kinder Morgan had a return on equity of 4.38% and a net margin of 1.34%. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.08 EPS. equities analysts expect that Kinder Morgan Inc will post 0.82 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend is Tuesday, January 30th. Kinder Morgan’s dividend payout ratio (DPR) is presently 5,000.00%.
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About Kinder Morgan
Kinder Morgan, Inc is an energy infrastructure company. It operates through five segments. Its Natural Gas Pipelines segment is engaged in the ownership and operation of interstate and intrastate natural gas pipeline and storage systems, and liquefied natural gas facilities, among others. Its CO2 segment is engaged in the production, transportation and marketing of carbon dioxide (CO2) to oil fields and the ownership and operation of a crude oil pipeline system, among others.
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